Insurance Risk Engineer Jobs in Chicago, IL (NOW HIRING)

Invenergy is North America’s largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future.

This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window.

Job Description

Position Overview

The Associate, Insurance, will report to the Manager, Insurance, and support the insurance team with execution of insurance strategy of a multinational portfolio of wind, solar, energy storage, thermal projects in various lifecycle stages.

Responsibilities

• Claim support:

• Responsible for a wide range of claim related activities – claim notice intake, evaluation, and reporting, oversee claim handling, support claim investigations, complex claims and coverage determination and disputes, claim payment collections and payment records management.

• Coordinate communication between Invenergy and insurance adjusters/insurers, monitor claim activities and support speedy claim resolutions. Engage external experts as needed.

• Maintenance of accurate records of claims across all lines of coverage in internal claim management systems.

• Oversee regular claim reporting and maintain open claims status by working closely with the insurance team, Asset Management, Project Management and other internal departments.

• Assist in identifying loss trends and communicate these to the appropriate internal parties.

• Loss control support:

• Manage insurer and third-party property insurance inspections at Invenergy’s sites.

• Work closely with Invenergy’s internal stakeholders (asset management, operations, finance, and more) to review and respond to insurer recommendations.

• Maintain recommendation registers and provide reports of recommendation trends and progress.

• Support site managers, operations and engineering teams with insurance inspections, including but not limited to jurisdictional pressure vessel and appraisal visits.

• Develop and maintain operational and technical knowledge or Invenergy fleet’s major equipment, and support fleet-wide loss control and prevention.

• General insurance support:

• Assist with the preparation of monthly, quarterly, and annual risk reports for various committees and boards. Assist in preparing loss analyses and identifying opportunities to reduce Invenergy’s total costs of risk. Support the preparation of annual insurance budgets.

• Support Invenergy insurance team in coordinating insurance efforts from development through to operational phases of all projects, analyzing and evaluating insurable risks and potential risk mitigants.

• Support the administration of insurance contracts and support Invenergy’s insurance team in negotiations with insurance brokers, insurance companies and project contractors (including EPC/BOP and modules/turbine suppliers) on insurance coverages and conditions.

• Coordinate communication between Invenergy and insurance broker to monitor upcoming construction completion activity to support placement of insurance for newly operational projects.

• Maintain accurate records of insurance placements, including providing certificates of insurance, tracking policy endorsements, and processing invoices.

• Engage with lenders’ insurance consultants to ensure project insurance compliance with applicable financing documents.

• Identify process improvements and automation opportunities to improve invoice production timeliness and achieve other efficiencies.

• Work cross-functionally with Development, Project Management, Asset Management, Finance, Legal and other teams to ensure the Company has appropriately structured insurance programs

• Provide support to ad hoc requirements as they may arise.

Basic Qualifications

• Bachelor’s degree

• 3+ years of working insurance or risk management industry experience

• Eligible to work in the United States without the need for employer visa sponsorship now or in the future.

Preferred Qualifications

• Bachelor’s degree in insurance, risk management or other relevant majors, with a proven track record of high performance and industry participation.

• Proven track record evidencing commitment, endurance, initiative & drive, professional learning & development, and high performance.

• Exhibit effective written and oral communication skills, including email, Skype and Microsoft Teams video conferencing, phone, and in-person communications.

• Insurance or risk management designations

• Ability to communicate verbally and in writing in Spanish or Japanese is a strong asset.

• Power and/or natural gas experience is preferred.

• Track record of being able to work reliably under tight timelines, experience training junior team members and propose, design and implement process improvements.

• Strong analytical and problem-solving skills and good attention to details.

• Exceptional organizational and time management skills to complete settlement responsibilities in accordance with internal and external deadlines.

• Must be able to work independently with minimal oversight as well as in a team setting.

• Must be a self-starting and motivated team player who is able to efficiently become skilled at new systems and effectively manage deadlines.

Base Pay

88,000.00 - 113,000.00 USD Annual

Bonus: 20% - 30%

The base pay range reflects the minimum and maximum target salary for the position. Invenergy considers a number of factors when determining base pay offers such as the scope and responsibilities of the position and the candidate's experience, education and skills. In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus program(s) which are designed to reward individual and company performance. Your recruiter can share more about bonus eligibility for this position during the hiring process. Invenergy offers a variety of other benefits including medical, dental and vision insurance, 401k, paid time off, etc.

Invenergy LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.